It's unlikely to get Flipkart out the door next year; A 2026 IPO may be a more reasonable expectation, with a little diplomatic help from the incoming government in Washington.
The business side of things is not the reason for the delay. Flipkart is the country's largest e-commerce player, ahead of Amazon.com Inc. The homegrown app lacks the consumer-service finesse of its rival, but its sheer reach across a continent-sized geography gives it the heft that took the likes of Unilever Plc a century to build.
Flipkart is a stake Walmart has put down in a market where brick-and-mortar foreign retailers face stifling restrictions. That's not an immediate problem; it might take a decade before Indians have the purchasing power to sustain a franchise like Sam's Club, the Bentonville, Arkansas-based firm's members-only warehouse division that is defying China's consumption funk. The question is, will New Delhi be ready for Sam's Club in 10 years?
この記事は Financial Express Chennai の December 19, 2024 版に掲載されています。
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この記事は Financial Express Chennai の December 19, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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